
Corporate Action2 Jul 2026, 06:20 pm
Bhatia Colour Chem Converts 1,98,400 Warrants to Equity Shares
AI Summary
Bhatia Colour Chem Ltd announced the outcome of its Board Meeting held on July 02, 2026, where it approved the conversion of 1,98,400 warrants into an equal number of equity shares. These shares, with a face value of ₹10 each, were issued at a premium of ₹124 per share, making the total issue price ₹134 per share. The conversion was on a preferential basis to the Promoter Group upon receipt of the balance payment of ₹100.50 per warrant, totaling ₹1,99,39,200. This conversion increases the company's issued and paid-up capital to ₹14,33,77,470, comprising 1,43,37,747 equity shares. The new shares rank pari-passu with existing ones. A total of 22,96,003 warrants remain outstanding.
Key Highlights
- 1,98,400 warrants converted into equity shares.
- Issue price set at ₹134 per share, including ₹124 premium.
- Total capital increased to ₹14,33,77,470.
- Conversion is on a preferential basis to Promoter Group.
- 22,96,003 warrants remain outstanding.
Price Impact
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